CERES MEDIA INTERNATIONAL PLC
("Ceres" or the "Company" or the "Group")
Issue of equity - conversion of debt, Directors dealing
The Company announces that directors have converted £51,000 of liabilities owed
to them into 10,200,000 ordinary shares in the Company at a price of £0.005
pence per share (the "Conversion") as set out below:-
Name Shares acquired by Shares held Total number % of issued
way of the prior to of shares share capital
Conversion Conversion held subsequent to
subsequent to the
the Conversion
Conversion
Alex Dowdeswell 5,400,000 9,144,346 14,544,346 11.5%
Leslie Barber 3,000,000 5,203,089 8,203,089 6.1%
Clive Garston 1,800,000 1,562,938 3,362,938 2.5%
The new ordinary shares will rank pari passu with the existing ordinary shares.
Application for the new ordinary shares has been made to the London Stock
Exchange, trading in the new ordinary shares is expected to commence on or
around 8 August 2013.
Following the above issue of equity the Company has 135,587,295 ordinary shares
of 0.1 pence in issue.
End
For further information, please contact:
Ceres Media International PLC Tel: 020 3178 5622
Alex Dowdeswell/Leslie Barber
Nominated Adviser, Cairn Financial Advisers Tel: 020 7148 7900
Liam Murray/Jo Turner
Broker, XCAP Securities PLC Tel: 202 7101 7070
Jon Belliss / Adrian Kirk